New report on travel insurance costs

In a research from Defaqto, Travel Insurance 2008 – Adapting to a Changing World, it was found that one in seven travellers still decide against picking up a form of travel insurance to cover their trip. The report looked at the holiday market between 2002 and 2006, examining the policies for 235 single trips and 245 annual trips. The report concludes that the availability of a large number of policies has driven the cost of purchasing travel insurance to low premiums, with the exemption of the annual travel insurance to the USA.